13 CFR § 107.565 - Restrictions on third-party debt of Early Stage SBICs.
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§ 107.565 Restrictions on third-party debt of Early Stage SBICs.
If you are an Early Stage SBIC and you have outstanding Leverage or a Leverage commitment, you must get SBA's prior written approval to have, incur, or refinance any third-party debt other than accounts payable from routine business operations.
[77 FR 25052, Apr. 27, 2012]